The following table reconciles net income, the most comparable GAAP financial measure, to Adjusted EBITDA.

EVI Industries, Inc.

Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation (in thousands)

Unaudited

Unaudited

Unaudited

Unaudited

6-Months

6-Months

3-Months

3-Months

Ended

Ended

Ended

Ended

12/31/2025

12/31/2024

12/31/2025

12/31/2024

Net Income

$

4,217

$

4,360

$

2,370

$

1,129

Provision for Income Taxes

1,595

1,867

796

591

Interest Expense, Net

1,999

1,152

1,083

670

Depreciation and Amortization

3,962

3,107

2,013

1,557

Amortization of Stock-based Compensation

2,643

2,263

1,402

1,196

Adjusted EBITDA

$

14,416

$

12,749

$

7,664

$

5,143